AMZN Amazon Options Ahead of Earnings

Analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $19.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

AMZN traded at $172.50 after earnings, and the Calls went up from $19.05 (when I wrote this article) to $25.75 at the close on Friday (higher intraday), for about 35% gain!